Welcome to 2015
For many, today is the first working day of 2015. In our world of commodity and energy trading regulation, we are likely to have a busy year. Here we will…
MiFID II Cost Benefit Analysis published by ESMA
ESMA have published this paper which gives a cost benefit analysis of MiFID II. The paper looks at the various aspects on MiFID II and how the different stakeholders will…
Latest ESMA MiFID II Technical Advice issued and Consultation opened
ESMA have just announced the final Technical Advice and have also opened another Public Consultation on MiFID II. The technical advice comprises ESMA views on the various issues addressed within the…
Europex statement on the definition of physical commodity trades as derivatives
Europex (the association of European energy exchanges) have just published this statement about whether physical commodity trades should be classified as derivatives, as defined in MiFID Annex I section C.…
Updated MiFID II guide
Norton Rose have updated their MiFID II/MiFIR guide on its application to commodities. It can be found here.
Meanwhile, in the world of FX
According to this FT report, the confusion around the definition of an FX derivative has been extended until the implementation of MiFID II. We should therefore not feel alone in…
ISDA Compliance Calendar
ISDA have just updated their useful compliance calendar. The latest version can be found here.
IOSCO Report on commodity derivatives market supervision
IOSCO (International Organisation of Securities Commissions) have just issued this report that updates its 2012 on how global commodities derivatives markets supervision regimes conform to their principals. In short, the report…
Don’t panic! – Comply, but don’t be scared into unnecessary spend
See my article here on CTRM Center which discusses how companies should take a balanced view on complying with the various streams of rules such as EMIR, REMIT and MiFID II.The…
Article on position limits and the calculation of “deliverable supply” under MiFID II
See this interesting article on Commodity Fact about the issue of measuring "deliverable supply" in certain commodities. Deliverable supply is one of the factors that are taken into account when…